Is Topstep the Best Prop Trading Firm? What You Need to Know

Jeremy BiberdorfBy: Jeremy Biberdorf

September 25, 2023September 25, 2023

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Topstep Trader is a prop trading firm helping to decentralize market participation while providing traders with the resources they need to succeed. It offers some of the most lucrative opportunities and advanced trading platforms to attract the best traders. It also provides one of the best day trading courses to help traders level up.

This brings us to the critical question this article aims to explore: “Is Topstep the best prop trading firm?” To provide a well-rounded answer, we will review Topstep, its founders, its features, and its services. This comprehensive guide will equip you with the knowledge to decide whether Topstep could be the best fit for you.
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Brief Overview of Topstep

Founded in 2012, Topstep has come a long way in establishing itself as a reputable prop trading firm. The company set out to democratize trading, making it accessible for traders who may not have the capital to bear the high risks typically associated with the trading world. By offering traders the opportunity to trade the firm’s capital after proving their skills, Topstep levels the playing field for individuals from diverse financial backgrounds.

The growth trajectory of Topstep has been impressive, thanks in part to its focus on education and risk management. Its comprehensive trading evaluation programs and ongoing support have favored it among novice and experienced traders. The firm has built a strong community of traders, many of whom are active contributors to forums and webinars hosted by the company. Through these platforms, Topstep fosters a collaborative environment that aids in developing and refining trading skills. This helps traders consistently perform better over time.

The Founders of Topstep

The brains behind Topstep are its founders, Michael Patak, and Bob Iaccino. Michael Patak, a former futures trader, identified a significant gap in the trading industry—a lack of accessible avenues for talented traders to prove their skills and get funded. Bob Iaccino, with decades of experience in commodities, futures, and Forex trading, brought a wealth of trading expertise and market insights.

Their combined vision was clear: to create an inclusive, empowering platform that offers traders a low-risk way to prove their skills and gain access to significant trading capital. This shared vision has helped shape Topstep into what it is today. It is a platform that bridges the gap between talent and opportunity in the trading world. Under their leadership, the company emphasized risk management and education, aspects often overlooked by traders but crucial for long-term success.

Michael Patak’s trading journey has also informed Topstep’s empathetic and educational approach. He knew firsthand the trials and tribulations traders go through, and this experience significantly shaped the platform’s design and features. Bob Iaccino’s market expertise has been a cornerstone. It ensured the firm’s educational content was rich, highly relevant, and current.

Through their skills, experiences, and vision, the founders have orchestrated Topstep’s growth into a highly respected platform and increasingly popular among traders looking for a viable path to trading success.

Features and Services Offered by Topstep

When assessing whether Topstep is the best prop trading firm, one must recognize the plethora of features and services it offers to its users. From robust trading platforms to a vast range of tradable instruments, Topstep aims to provide a comprehensive trading experience.

  • Trading Platforms: Topstep offers compatibility with multiple trading platforms like MetaTrader, NinjaTrader, and TradingView. This variety ensures traders can choose a platform they feel most comfortable with.
  • Tradable Instruments: The platform provides various tradable instruments, including futures and forex. This range allows traders to diversify their portfolios and not be limited to specific markets.
  • Educational Resources: Topstep Trader places significant emphasis on trader education. They offer various resources, including webinars, articles, and video tutorials, to help traders improve their skills and understanding of the markets at all levels.
  • Mentorship: Unique to Topstep is their mentorship program, led by experienced traders. This service offers personalized guidance to help traders navigate the complexities of the trading world.
  • Customer Support: Topstep boasts excellent customer support, available through multiple channels like email, chat, and phone. The team is responsive and knowledgeable, promptly resolving traders’ queries and issues.
  • Trading Community: Another significant aspect is the sense of community Topstep builds. Through their forums and social media, traders can interact, share experiences, and learn from each other, making the trading journey less isolating.

These features and services make Topstep one of the best futures prop trading firms. It emphasizes the trading, learning, and community aspects of the profession.

Cost and Price Details

Understanding the financial aspects is crucial when determining if Topstep is the best prop trading firm for your needs. The platform has a transparent pricing model that accommodates traders with varying budgets and experience levels.

  • Membership Fees: Topstep offers different membership tiers, each with its own set of features and benefits. The prices can range from a monthly fee of around $49 for basic access to more premium packages costing upward of $149 per month.
  • Profit split: One of the appealing aspects of Topstep is its profit-sharing scheme. Once a trader passes the evaluation, they are eligible for a funded trading account with a 90/10 profit split, favoring the trader.
  • Other Charges: Additional costs may include data fees for specific markets and a one-time setup fee for live accounts. These are generally minimal and clearly stated on their website.
  • Topstep Promo Code: Topstep often provides promotional codes and coupons to make the deal even sweeter. These can significantly reduce initial and ongoing costs, making it a more budget-friendly option for many traders.

The availability of Topstep promo codes and TopstepTrader coupons makes the platform even more attractive. These pricing details are important when evaluating if Topstep ranks as the best prop trading firm for you.


So, is Topstep the best prop trading firm? Topstep shines in various aspects like a broad range of tradable instruments, comprehensive educational resources, and an engaged trading community. Its pricing and profit-sharing models are competitive, and the company takes pride in its robust customer support. These strong points make it a significant player in prop trading.

Topstep’s features, community engagement, and competitive pricing make it a compelling choice for those seeking a prop trading firm. Ultimately, the best way to determine if Topstep is the right fit for you is by trying it.

If you’re interested in exploring what Topstep can offer, take advantage of the opportunity to get started with some discounts. Use this link to access Topstep’s latest promotions and see if they align with your trading goals.
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Jeremy Biberdorf
Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He's a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.

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